XML 61 R41.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Business Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment | Information by business segment and geographic area for the last three years is provided in the segment tables below. There were no accounting transactions between segments and no allocations to segments.
Net Sales
(In thousands) | 2023 |  | 2022 |  | 2021
Aluminum Extrusions | $ | 474,803 |  |  | $ | 637,872 |  |  | $ | 539,325 |
PE Films | 76,763 |  |  | 97,571 |  |  | 118,920 |
Flexible Packaging Films | 126,326 |  |  | 168,139 |  |  | 139,978 |
Total net sales | 677,892 |  |  | 903,582 |  |  | 798,223 |
Add back freight | 26,933 |  |  | 34,982 |  |  | 28,232 |
Sales as shown in consolidated statements of income (loss) | $ | 704,825 |  |  | $ | 938,564 |  |  | $ | 826,455 |
Refer to Notes to Financial Tables that follow these tables.
EBITDA from Ongoing Operations
(In thousands) | 2023 |  | 2022 |  | 2021
Aluminum Extrusions: |  |  |  |  |
Ongoing operations: |  |  |  |  |
EBITDA | $ | 37,976 |  |  | $ | 66,800 |  |  | $ | 55,948 |
Depreciation & amortization | (17,927) |  |  | (17,414) |  |  | (16,272) |
EBIT | 20,049 |  |  | 49,386 |  |  | 39,676 |
Plant shutdowns, asset impairments, restructurings and other (a) | (3,557) |  |  | (310) |  |  | 3,237 |
PE Films: |  |  |  |  |
Ongoing operations: |  |  |  |  |
EBITDA | 11,217 |  |  | 11,949 |  |  | 27,694 |
Depreciation & amortization | (6,522) |  |  | (6,280) |  |  | (6,263) |
EBIT | 4,695 |  |  | 5,669 |  |  | 21,431 |
Plant shutdowns, asset impairments, restructurings and other (a) | (4,972) |  |  | (646) |  |  | (371) |
Goodwill impairment | (34,891) |  |  | — |  |  | — |
Flexible Packaging Films: |  |  |  |  |
Ongoing operations: |  |  |  |  |
EBITDA | 4,383 |  |  | 27,452 |  |  | 31,684 |
Depreciation & amortization | (2,865) |  |  | (2,444) |  |  | (1,988) |
EBIT | 1,518 |  |  | 25,008 |  |  | 29,696 |
Plant shutdowns, asset impairments, restructurings and other (a) | (113) |  |  | (91) |  |  | 8,439 |
Total | (17,271) |  |  | 79,016 |  |  | 102,108 |
Interest income | 522 |  |  | 57 |  |  | 73 |
Interest expense | 11,607 |  |  | 4,990 |  |  | 3,386 |
Gain on investment in kaléo (a) | 262 |  |  | 1,406 |  |  | 12,780 |
Stock option-based compensation expense | 231 |  |  | 1,424 |  |  | 2,495 |
Pension settlement loss | 92,291 |  |  | — |  |  | — |
Corporate expenses, net (a) | 39,414 |  |  | 41,221 |  |  | 41,970 |
Income (loss) before income taxes | (160,030) |  |  | 32,844 |  |  | 67,110 |
Income tax expense (benefit) (a) | (54,125) |  |  | 4,389 |  |  | 9,284 |
Net income (loss) | $ | (105,905) |  |  | $ | 28,455 |  |  | $ | 57,826 |
Schedule Of Identifiable Assets |
Identifiable Assets
(In thousands) | 2023 |  | 2022
Aluminum Extrusions | $ | 255,756 |  |  | $ | 293,308 |
PE Films | 56,536 |  |  | 102,431 |
Flexible Packaging Films | 84,062 |  |  | 103,448 |
Subtotal | 396,354 |  |  | 499,187 |
General corporate | 36,652 |  |  | 23,674 |
Cash, cash equivalents and restricted cash (b) | 13,455 |  |  | 19,232 |
Total | $ | 446,461 |  |  | $ | 542,093 |
Schedule Of Depreciation And Amortization, Capital Expenditures |
| Depreciation and Amortization |  | Capital Expenditures
(In thousands) | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Aluminum Extrusions | $ | 17,927 |  |  | $ | 17,414 |  |  | $ | 15,326 |  |  | $ | 20,339 |  |  | $ | 23,664 |  |  | $ | 18,914 |
PE Films | 6,522 |  |  | 6,280 |  |  | 6,263 |  |  | 1,772 |  |  | 3,289 |  |  | 2,997 |
Flexible Packaging Films | 2,865 |  |  | 2,444 |  |  | 1,988 |  |  | 4,323 |  |  | 8,151 |  |  | 5,603 |
Subtotal | 27,314 |  |  | 26,138 |  |  | 23,577 |  |  | 26,434 |  |  | 35,104 |  |  | 27,514 |
General corporate (d) | 369 |  |  | 264 |  |  | 207 |  |  | 12 |  |  | 1,771 |  |  | (153) |
Total | $ | 27,683 |  |  | $ | 26,402 |  |  | $ | 23,784 |  |  | $ | 26,446 |  |  | $ | 36,875 |  |  | $ | 27,361 |
Schedule Of Net Sales By Geographic Area |
Net Sales by Geographic Area (c)
(In thousands) | 2023 |  | 2022 |  | 2021
United States | $ | 537,818 |  |  | $ | 717,049 |  |  | $ | 614,987 |
Exports from the United States to: |  |  |  |  |
Asia | 26,239 |  |  | 41,995 |  |  | 59,242 |
Canada | 15,597 |  |  | 15,264 |  |  | 17,776 |
Europe | 1,905 |  |  | 3,885 |  |  | 4,489 |
Latin America | 6,704 |  |  | 6,867 |  |  | 4,937 |
Operations outside the United States: |  |  |  |  |
Brazil | 89,077 |  |  | 117,896 |  |  | 96,792 |
Asia | 552 |  |  | 626 |  |  | — |
Total | $ | 677,892 |  |  | $ | 903,582 |  |  | $ | 798,223 |
Schedule Of Identifiable Assets By Geographic Area, Property, Plant & Equipment, Net By Geographic Area |
| Identifiable Assets by Geographic Area (c) |  | Property, Plant & Equipment, Net by Geographic Area (c)
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
United States | $ | 320,604 |  |  | $ | 413,512 |  |  | $ | 143,729 |  |  | $ | 146,437 |
Operations outside the United States: |  |  |  |  |  |  |
Brazil | 65,495 |  |  | 72,725 |  |  | 28,121 |  |  | 25,385 |
China | 10,255 |  |  | 12,950 |  |  | 9,361 |  |  | 11,903 |
General corporate | 36,652 |  |  | 23,674 |  |  | 2,244 |  |  | 2,686 |
Cash, cash equivalents and restricted cash (b) | 13,455 |  |  | 19,232 |  |  | n/a |  | n/a
Total | $ | 446,461 |  |  | $ | 542,093 |  |  | $ | 183,455 |  |  | $ | 186,411 |
Schedule Of Net Sales By Product Group |
Net Sales by Product Group
(In thousands) | 2023 |  | 2022 |  | 2021
Aluminum Extrusions: |  |  |  |  |
Nonresidential building & construction | $ | 264,780 |  |  | $ | 338,981 |  |  | $ | 269,252 |
Consumer durables | 38,897 |  |  | 62,541 |  |  | 53,578 |
Automotive | 48,046 |  |  | 51,286 |  |  | 43,256 |
Machinery & equipment | 43,759 |  |  | 63,326 |  |  | 42,721 |
Distribution | 14,331 |  |  | 29,732 |  |  | 45,639 |
Residential building & construction | 38,388 |  |  | 64,268 |  |  | 52,236 |
Electrical | 26,602 |  |  | 27,738 |  |  | 32,643 |
Subtotal | 474,803 |  |  | 637,872 |  |  | 539,325 |
PE Films: |  |  |  |  |
Surface protection films | 47,463 |  |  | 68,140 |  |  | 88,436 |
Packaging | 29,300 |  |  | 29,431 |  |  | 30,484 |
Subtotal | 76,763 |  |  | 97,571 |  |  | 118,920 |
Flexible Packaging Films | 126,326 |  |  | 168,139 |  |  | 139,978 |
Total | $ | 677,892 |  |  | $ | 903,582 |  |  | $ | 798,223 |
(a)See Notes 1, 5, 9 and 12 for more information on losses associated with plant shutdowns, asset impairments and restructurings, unusual items, gains or losses from sale of assets, gains or losses on an investment accounted for under the fair value method and other items. (b)Cash, cash equivalents and restricted cash includes funds held in locations outside the U.S. of $9.8 million and $10.3 million at December 31, 2023 and 2022, respectively. (c)Export sales relate mostly to PE Films. Operations in Brazil relate to Flexible Packaging Films. (d)Corporate depreciation and amortization are included in corporate expenses, net, on the EBITDA from ongoing operations table above.

X
- Definition Schedule Of Identifiable Assets, Property, Plant & Equipment By Geographic Area [Table Text Block] + References No definition available. + Details
Name: | tg_ScheduleOfIdentifiableAssetsPropertyPlantEquipmentByGeographicAreaTableTextBlock
Namespace Prefix: | tg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Segment Depreciation And Amortization Capital Expenditures [Table Text Block] + References No definition available. + Details
Name: | tg_ScheduleOfSegmentDepreciationAndAmortizationCapitalExpendituresTableTextBlock
Namespace Prefix: | tg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration